EPIF welcomes the European Commission’s proposal for greater harmonisation of the EU data protection regime within the internal market with regard to the processing of EU personal data. With this position paper, EPIF seeks to address the concerns it has identified in the draft Regulation.
A number of provisions lead in their current form to legal uncertainty as they seem to be in conflict with the requirements under applicable Anti-Money Laundering and Counter-Terrorism Financing rules (AML/CFT). Also, some provisions significantly increase of costs and bureaucracy for companies
Published on: 05/05/2013